Duty-free retailer Dufry has raised its profitability projections for 2023, attributing this adjustment to a surge in global travel post-pandemic, resulting in better-than-expected results for the year’s initial half.
Beiersdorf’s sales rose to €4.9 billion in H1 2023, marking a 12.3% organic increase.
Cosmetic company Lush paid £4 million in bonuses to its top executives last year despite profits plummeting by 90%.
Chanel has launched a new variant in its popular Chance fragrance line. Chance Eau Fraiche Eau de Parfum is said to combine the density of an Eau de Parfum with the brightness of an Eau de Toilette.
Cellular Goods is preparing to roll out its skin care range, Look Better to the French and German markets this year. The CBD-based beauty brand will extend the reach of its e-commerce site to cover the two European nations.
Symrise has announced its results for the first half of fiscal 2023. The German ingredients supplier reported sales of €2,414 million, up 6.8 percent on the same period a year ago. EBITDA was down on last year’s figures at €446 million due to a one-time effect relating to the shutdown of the Colonel Island site.
Hermes International has announced its results for the second quarter of fiscal 2023. Bucking the wider trend in luxury as US sales stall, the French designer reported a 28 percent rise in sales at constant currency to hit a total of €3,317 million.
Following an exhaustive search, Unilever has announced the appointment of Ian Meakins as Non-Executive Director and Chair Designate, effective September 1, 2023. Meakins will succeed Nils Andersen as Chair on December 1, 2023.
L’Oréal has reported its results for the first half of fiscal 2023. The French beauty behemoth continued to outperform the global beauty market with sales up 12 percent (reported) to €20.57 billion.
Kering has named Armelle Poulou as its Chief Financial Officer, effective September 1, 2023. Poulou succeeds Jean-Marc Duplaix who is now Deputy CEO, heading up the Operations and Finance teams.